Since the $80 billion bailout, the auto industry has created over 128,000 jobs. Obama’s National Economic Council said the government will lose less than $14 billion (20 percent) from the bailout, with most of the losses due to stock prices. General Motors and Chrysler have seen their profits increase, allowing them to pay back a little over half of the bailout totals thus far.

“There are a lot of politicians who said it wasn’t worth the time and wasn’t worth the money,” Obama said at a General Motors plant last month, referring to Romney and other Republicans. “There’s a lot of politicians who still say that.”

About the Author

Andrew Jones is a staff writer/reporter for Raw Story. Besides covering politics, he is also a freelance sports journalist, as well as a slam poetry and music artist. You can follow him on Twitter @sluggahjells.